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Latest Salesforce 201 Commercial Banking-Functional Exam Questions and Answers, 2025 Update | SPOTO

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Question #1
When using Spreads, what is the most likely reason an end user is unable to select the Show operations checkbox?
A. Spreads was configured incorrectly
B. Missing Underwriting Permission Set
C. Field level security is too high
D. They are not an administrator
View answer
Correct Answer: B
Question #2
What field on relationship is recommended to be used when starting Relationship Docman Smart Checklists?
A. Type
B. Name
C. Industry
D. LookupKey
View answer
Correct Answer: A
Question #3
True or False: A Loan that is processed through nCino will typically go through multiple approval processes.
A. True
B. False
View answer
Correct Answer: A
Question #4
What icon represents a Relationship record in nCino?
A. Money Bag
B. Small Green Man
C. Coin
D. Folder
View answer
Correct Answer: D
Question #5
A loan with loan number 12345 is renewed. This creates a new Loan record with Loan number 12345R-1. When Loan 12345R-1 books the stage is updated to the 'booked' stage.What happens to the original loan's loan number when the 12345R-1 books?
A. R-2 is appended to the original loan's loan number
B. _ORG is appended to the original loan's loan number
C. All appendages are removed from the original loan's loan number
D. The original loan is deleted
View answer
Correct Answer: B
Question #6
True or False: Updating the Status of the Covenant Management record will generate a Covenant Compliance record.
A. True
B. False
View answer
Correct Answer: A
Question #7
Which Collateral Management feature enables the functionality of comparing the value of a piece of collateral to the value of all loans pledged to that particular piece of collateral?
A. Collateral Coverage Ratio
B. Collateral Pledged
C. Complex Collateral
D. Loan Ratio
View answer
Correct Answer: A
Question #8
The Product Catalog is configured on the back end by using what tool?
A. Copy Loan Plus Tool
B. DM Admin Tool
C. Standard Cloner Tool
D. Document Manager Tab
View answer
Correct Answer: B
Question #9
When copying /cloning Collateral Management records in nCino, which field allows an end - user to include associated sub collateral records?
A. Quantity
B. Bulk Update
C. Include Collateral Children
D. Advance Rate
E. Include Collateral Hierarchy
View answer
Correct Answer: C
Question #10
A loan with loan number 12345 is renewed. This creates a new Loan record with Loan number 12345R-1. When Loan 12345R-1 books the stage is updated to the 'booked' stage.What happens to the 12345R-1 loan's loan number when the 12345R-1 loan books?
A. The loan is deleted
B. Loan 12345R-1 updates to 12345R-2
C. The R-1 appendage on loan 12345R-1 is removed
D. The loan number for loan 12345R-1 is updated to 12345_ORG
View answer
Correct Answer: C
Question #11
The nCino UI provides the users with all of the following, except:
A. An intuitive layout that reduces learning curve in adapting to and using the layout effectively
B. A Streamlined navigation and presentation of data by keeping all relevant information in one view pane (you are only presented with the information you need to know)
C. A 1-to-1 replacement of native Salesforce Ul functionality
D. Consistent experience across devices
View answer
Correct Answer: B
Question #12
What controls where Loans appear in Non-Pending Facilities and Pending Facilities on Product Package?
A. Product State Config
B. Stage
C. Status
D. Custom Settings
E. All of the Above
View answer
Correct Answer: E
Question #13
Which Selection is NOT a Modification Frequency Value that can be set per index?
A. Adjusted Yearly
B. Adjusted as needed
C. Adjusted Daily
D. Adjusted Hourly
View answer
Correct Answer: C
Question #14
True or False: When curating data in an excel sheet, leading zeros are sometimes hidden.
A. True
B. False
View answer
Correct Answer: A
Question #15
True or False: New Covenant Management records are created when the "Next Evaluation Date" is met.
A. False
B. True
View answer
Correct Answer: A
Question #16
Once the Covenant Compliance record is set to Compliant status, the Next Evaluation Date on the parent Covenant automatically moves forward based on the frequency set on the parent Covenant. This is accomplished via workflow rules and can be customized.Which of the following is necessary for a sync with records coming from the Core?
A. A match on the Relationship Social Security Number or Tax ID
B. A match on the lookupKey value for the record
C. A match on the name of the record
D. A Salesforce ID match
View answer
Correct Answer: B
Question #17
True or False? The nCino Fees Feature can automatically calculate a fee as a fixed amount or a percentage of some other amount.
A. False
B. True
View answer
Correct Answer: A
Question #18
Which loan field is Not required to be filled out to initially create a Rate and Payment Stream?
A. Loan Amount
B. First Payment Date
C. Amortized Terms (Months)
D. Index
E. Loan Term (Months)
View answer
Correct Answer: D
Question #19
True of False: In order to override a risk grade computed value, you must add comments in order for it to be saved.
A. True
B. False
View answer
Correct Answer: A
Question #20
True or False: An Admin will Visit the ManageRates Visualforce Page to adjust the rate for a given index.
A. True
B. False
View answer
Correct Answer: B
Question #21
In Custom Settings, what is the name of the System Property that when configured will impact how exposure is calculated in nCino?
A. CTI Guarantor
B. Pricing
C. Exposure Exclusion
D. Hierarchy
View answer
Correct Answer: BC
Question #22
To use RLTV, financial institutions need to ensure they currently use which of the following features?
A. Both Enhanced Collateral Management and Total Exposure
B. Enhanced Collateral Management
C. Total Exposure
D. None of the above
View answer
Correct Answer: B
Question #23
When configuring nCino feature from a knowledge base article and a necessary field is not available on the page layout what is the best FIRST step to take to locate the field?
A. Click edit page layout and search for the missing field
B. Create the field
C. Check with the knowledge team to make sure the article is up to date
D. Chatter your team lead
View answer
Correct Answer: A
Question #24
True or False: During Approval Process, the Stage field on Product Package and Loan are what controls the syncing for Approval.
A. True
B. False
View answer
Correct Answer: B
Question #25
When are notifications sent out after a loan is approved or rejected?
A. Weekly
B. Daily
C. Monthly
D. Automatically
View answer
Correct Answer: D
Question #26
nCino Forms Generation can be deployed on which of the following objects?
A. Account, Loan, Contact and Collateral objects
B. Custom Objects
C. All options listed are correct
D. Standard Objects
View answer
Correct Answer: C
Question #27
How Does nCino use Risk Rating? (Choose 2 answers)
A. Customize Rating Worksheets
B. Allows use of an Approval Process to manage requests
C. Automatically updates all Rating Worksheets
D. Customize Rating Worksheets
View answer
Correct Answer: B
Question #28
True or False: A loan converts to a lead through the "Convert to nCino" button.
A. True
B. False
View answer
Correct Answer: B
Question #29
For a user to generate a record below the Main on the loan record in nCino, which button are you required to add to the page layout?
A. Credit Memo
B. Sharing
C. Manage Customer Portal
D. New Limit/Sub/Takedown
View answer
Correct Answer: D
Question #30
Which items must be created in order to configure a team key? (Select Two)
A. Role
B. Email alert
C. Email template
D. Loan field
E. Role
F. Email template
View answer
Correct Answer: AC

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